The Bulgaria-based broker-dealer and Hong Kong organisation are forming a pact that will bring the former's business offerings to Asia.

Alaric Securities, a European Union-based broker-dealer founded 10 years ago and based in Bulgaria, has formed a strategic partnership with investment and advisory firm Osmosis Group in Hong Kong. The pact will pave the way for marketing and sales representation in Asia, including mainland China, Hong Kong, as well as the Southeast Asia region. 

"With our know-how in electronic executions and market connectivity, and Osmosis's strong understanding of the region, Alaric will be able to further build on its product line and geographic expansion,” Anton Panayotov, founder and CEO of Alaric Securities, said.

Osmosis Group’s business areas include financial services/fintech, asset management, digital marketing/new media, artificial intelligence, blockchain and digital assets.